Writing INLEO posts like it is for therapy
I'm not entirely sure what to write, but here is me thinking of it as a chance to share my thoughts and remind myself to stay on course, especially in this treacherous crypto market. Who knows what the near future holds, especially after the halving.
It's a reality check for me, a moment to sober up before the frenzy.
Recently, I made another Bitcoin order at around $65,000, with a couple thousand dollars. With Bitcoin's current price hovering around $300, is now the time to sell and buy back lower? When I see a $300 profit, part of me thinks it's too small to bother collecting the profit. People are saying it will go higher.
So, the real question is, how much profit is enough for me to take the leap and never look back, and just wait for the next bear market to pick up the token cheaply? This profit taking dilemma is taking a toil on me.
My mind is buzzing with ideas. I've considered setting sell orders at various prices to secure profits. But before that, I need to reconcile with myself about what constitutes a satisfactory profit for my risk profile.
One simple approach is to wait for my current value to double, then withdraw the equivalent of the initial investment and let the rest ride for more profits. It's conservative; at least I wouldn't lose anything.
Another idea is to aim to earn enough to counter inflation for the next ten years. If I achieve that, I can confidently say my money isn't losing to inflation.
This post feels like therapy, a way to sort through my confusion as I gear up for the bull market. And that's not a bad thing. Maybe you can give me some ideas?
What is the Brief Random Posts about?
Disclaimer: This is not financial advice, and you should always do your own due diligence before investing!
Posted Using InLeo Alpha
Yeah. This is so true. The best of all is being able to do this and not even notice the "magic" happening.
haha. what magic? I don't even know it's a thing.
I mean, feel good without realizing when we're writing threads... Haha!
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most of the time "time of exit" can trigger anxiety....uncertainty....that is where the purpose of investment and our own expectations matter a lot. The best way out is to take out the initial investment when the market has gone up and let the rest do its job to secure you generational welath.
I think the idea of selling half and letting the rest ride while recouping your initial investment as a good idea. It's a thing that I like to do. You don't have to worry and if it goes up more, you get more profits. You can decide what to do later.
I still believe that bitcoin can still go up higher. Yea you can risk it
The market may go down for a little while and then start to go up again and then go up for a whole year.
I really missing writing post in INLEO but hoping to be back soon when I have settled my challenges on ground
Falling in love with apps makes it so easy to do
Hey thanks, let's hope you make it one way or the other or why not both ways.. take care and best+